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Nov 30, 2012
11/12
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the tragedy of hurricane sandy was a revelation. our country needs to upgrade its power grid and we've got to do it now. in this one area, it seems like our state governments and our utilities are actually on the case, which is why you want to own quanta services, power, pwr, the company that builds out new infrastructure and has a killer pipeline business. what's not to like? after the break, i'll try to make you more money. >>> coming up -- >> house of pleasure. >>> pending home sales rose to a five-year high today, but which stock should you moved into as the foundation for growth and housing becomes more secure. tonight it's an open house for three potential plays on a real estate rebound. which one should you put an offer out on? [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection.
the tragedy of hurricane sandy was a revelation. our country needs to upgrade its power grid and we've got to do it now. in this one area, it seems like our state governments and our utilities are actually on the case, which is why you want to own quanta services, power, pwr, the company that builds out new infrastructure and has a killer pipeline business. what's not to like? after the break, i'll try to make you more money. >>> coming up -- >> house of pleasure. >>>...
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Dec 7, 2012
12/12
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hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6 to a mere 0.4%. it's warned of an imminent recession as problems in europe periphery weigh. futures at the moment forecasts a soft start. down 15 at the moment on the dow, nasdaq currently called down 3.8, and s&p 500 around 1.5 points. european stocks are flat really. forgave points for the ftse, xetra dax is up though at it highest level since 2008. up nearly 28% this year. flat on the cac, ibex down two thirds. but hurricane sandy is expected to have put a pretty big accident in the november u.s. jobs report. it's out at 8:30 eastern. nonfarm p
hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6...
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Nov 29, 2012
11/12
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the tragedy of hurricane sandy was a revelation. our country needs to upgrade its power grid and we've got to do it now. in this one area, it seems like our state governments and utilities are actually on the case, which is why you want to own quanta services, power, pwr, the company that builds out any infrastructure and a killer pipeline business. what's not to like? after the break, i'll try to make you more money. >>> coming up -- >> how should of pleasure. >>> pending home sales rose to a five-year high today, but which stock should you moved into is it as the foundation for growth and housing becomes more secure. tonight it's an open house for three potential plays on a real estate rebound. which one should you put an offer out on? with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards!
the tragedy of hurricane sandy was a revelation. our country needs to upgrade its power grid and we've got to do it now. in this one area, it seems like our state governments and utilities are actually on the case, which is why you want to own quanta services, power, pwr, the company that builds out any infrastructure and a killer pipeline business. what's not to like? after the break, i'll try to make you more money. >>> coming up -- >> how should of pleasure. >>>...
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Dec 7, 2012
12/12
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you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
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Nov 29, 2012
11/12
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i called sandy, just so sandy fans, i got the erstimate from y beach property and i was lucky. one house stands, the other goes down. >> tools you need to climb the market's rocky terrain. the mad dash is coming up next. and is austerity measures the way to close the deficit. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why mil
i called sandy, just so sandy fans, i got the erstimate from y beach property and i was lucky. one house stands, the other goes down. >> tools you need to climb the market's rocky terrain. the mad dash is coming up next. and is austerity measures the way to close the deficit. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible...
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Dec 7, 2012
12/12
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now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation rate, down 0.2 to 63.6%. how did we get to 7.7% unemployment? basically the number of unemployed persons dropped more than the number of employed and there were downward trends in both those categories. lots to chew on. back to you guys. >> hampton, thank you. we are kind of scratching our heads. let's get more reaction from our panel. mark zandi and jared bernstein are here with us. mark, what do you make of this number? we've set this up as numbers were not going to be things we watched closely because of sandy. >> i'd say two things
now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation...
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Dec 7, 2012
12/12
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and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you know i like, but how many times during a particular show can i say i like it? so with that in mind, what's the game plan for next week? first off, perhaps the most important day of the week is monday. but not for any earnings. not for any releases. that's when we process the results of the weekend talk shows, which you now have to watch as if we were instead of watching, you know, college gameday, i'm watching like some of those other news stations -- and then of course sunday morning whoever -- you don't even pay attention -- football means nothing no
and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you...
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Dec 6, 2012
12/12
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early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an example. wells fargo gallup does a small survey. on hiring, small businesses dropped to the lowest level of opt miimism in four years. it doesn't matter what ben bernanke does. i think his programs have long since not really helped the employment side, but the fiscal cliff is doing obvious damage. that's going to make what everybody knows is coming. we ran out of two years to sell. they're going to go from a twist to outright purchases. it's fully built into the market, but it isn't going to help. the fiscal cliff is going to do more damage t
early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an...
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Dec 3, 2012
12/12
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start first with the impact of sandy. is there one specific automaker that you think will benefit more from the impact of sandy as dealers have to reorder new cars? >> historically, actually trucks do better. they do better because you've got dealers taking care of inventory and you also have people going out that are in the business of basically doing work with trucks and they'll use this as an excuse to get it. you're looking probably at ford and gm on the truck side taking a lot. gm needs that upswing in trucks lig right now. >> how does this get counted as sales? customers may not have the cars yet but dealers are ordering the cars to try an make up for lost inventory. is that correct? >> basically, yeah. the minute the car or truck gets put on the haul-away, whether a rail head or a truck, that's when it transfers to the dealer. when you get down to it, the car companies don't sell cars to customers. their customer is the dealer and the dealer resells them. when you see sales you aren't seeing registrations. as a res
start first with the impact of sandy. is there one specific automaker that you think will benefit more from the impact of sandy as dealers have to reorder new cars? >> historically, actually trucks do better. they do better because you've got dealers taking care of inventory and you also have people going out that are in the business of basically doing work with trucks and they'll use this as an excuse to get it. you're looking probably at ford and gm on the truck side taking a lot. gm...
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Dec 3, 2012
12/12
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how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's where you have to look, to see what the trend was beforehand. >> okay. now europe. you know, there was a little bit of a -- a confusion this morning when spain asked for a bailout. they're talking bank bailout, country bailout, new program. rates are down. i've seen many stories, if this is really going to be a positive rates being down, we have to really draw in more global investors. do you think that will happen ultimately? >> ultimately, i do think it will. any time europe gets pushed to the background, i'm kind of pleased. as long as their banking system isn't going to affect ours, i think we can
how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's...
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Dec 5, 2012
12/12
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the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at
the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal....
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Dec 5, 2012
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it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi >> interviewing secretary geithner later today. what's your first question going to be? >> i want to get his response -- we had the president respond to boehner's proposal but i want to get the secretary's response, too, the specific issue of, hey, the republicans looked like they made a step forward, actually got some accolades in some of the press for agreeing to new revenues. where's the administration's response on that side? are they willing to give? i think that's a key question right now in terms of what the news flow is right now but also there's c
it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi...
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Nov 29, 2012
11/12
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>> i think hurricane sandy had an impact in the first week, ten days in the northeast. when you speak to kohl's they were weak across the country. you could say it's part of the election results. i think there are just issues that are there. i think it was just disappointing. fw again, it's a long holiday season. the hope is, and hope and prayer is you're going to have a better december. i think some of them will. what you want to look at, even though the department stores were all negative today, a lot of the apparel retailers were positive. 5%, 10%. that's a positive sign. >> quick comment on tiffany. huge miss. stock's a mess. is this company specific or is it luxury that we need to watch out for? >> i think it's, "a," it's company specific. i think it's luxury you want to watch. if any consumer is watching this fiscal cliff, it's really the luxury customers. it's not the american eagle customers. the american eagle customers think fiscal cliff is really a rock climbing event. >> steve, good to have you on the show as always. >> thanks a lot. >> murph, what do you do
>> i think hurricane sandy had an impact in the first week, ten days in the northeast. when you speak to kohl's they were weak across the country. you could say it's part of the election results. i think there are just issues that are there. i think it was just disappointing. fw again, it's a long holiday season. the hope is, and hope and prayer is you're going to have a better december. i think some of them will. what you want to look at, even though the department stores were all...
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Dec 3, 2012
12/12
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sandy stimulated sales of new cars last month. see which automaker drove away with bigger gains, ford or gm. >> then pain at the pump. our next guest is warning a new ethanol fuel blend that not only costs more but adds to the cost of food could damage your car and void your warranty. really? you're going to want to hear this coming up. >>> and banks be aware. a third of americans would rather get a mortgage from walmart than a bank, even though walmart doesn't offer them, at least not yet. we'll hear from somebody saying offering home loans would be a boone for walmart stocks. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. when you take a closer look... ...at the best schools in the world... ...you see they all have something very i
sandy stimulated sales of new cars last month. see which automaker drove away with bigger gains, ford or gm. >> then pain at the pump. our next guest is warning a new ethanol fuel blend that not only costs more but adds to the cost of food could damage your car and void your warranty. really? you're going to want to hear this coming up. >>> and banks be aware. a third of americans would rather get a mortgage from walmart than a bank, even though walmart doesn't offer them, at...
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Dec 5, 2012
12/12
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you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000. >> that will add some jobs, that's not a fair comparison. >> so 200,000 minus 60 is 150 -- >> so you're right there. >> i don't think the economy has chang chang changed deappreciably over the last year. >> well, i think coming into friday's number, we're a little -- we don't think there's 80,000 worth of impact, might be closer to 40,000 or 50,000. whatever, there's been an impact and i agree with mark's point, 1 in about 150,000 job creation in the economy and i don't know that meaningfully changes. but i would say, if anything, the bias next year
you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000....
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Dec 7, 2012
12/12
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no substantive sandy in the jobs numbers. the lack of sandy effect has us scratching our heads, what they said. i just got off the phone with the guy who's the head of doing the numbers, labor numbers at the bls. he walked me through the rather extensibilive process they did fine out if there was any sandy effect, including sampling of businesses in a flood tide areas. >> it was very meticulous. >> i'm pretty convinced they did a good job figuring out if there was an effect and there is no effect which brings us to the numbers which you could believe on face value as much as you can. they'll revise this again. they only come forward with 60% to 70% of the sample. unemployment rate falling 7.7% because largely a drop in the labor force. average hourly earnings up 0.2%. despite positive headlines, xwoeld man sax says we interpret this report as one only slightly better than expected overall given downward revisions and weaker labor force and it does not change our assessment of the underlying strength of the labor market. priva
no substantive sandy in the jobs numbers. the lack of sandy effect has us scratching our heads, what they said. i just got off the phone with the guy who's the head of doing the numbers, labor numbers at the bls. he walked me through the rather extensibilive process they did fine out if there was any sandy effect, including sampling of businesses in a flood tide areas. >> it was very meticulous. >> i'm pretty convinced they did a good job figuring out if there was an effect and...
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Dec 4, 2012
12/12
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over the last month, despite hurricane sandy, it is still up 5%. but would going over the fiscal cliff hurt or derail the insurance giant as many expect it to derail business in general? joining me now is the chairman and ceo of allstate. thank you for joining us. president and congressional leaders are meeting with state governors today. you're one of the ceos who met at the white house with some of your other colleagues in business. what's your stance of where we are right now in terms of a deal? >> i'm concerned about it. the good news is everybody sees this as an opportunity to really show american global leadership. the rest of the world is all messed up on this. we can show them how to get it done. they've also all agreed on the three buckets, that being revenues, entitlements, and spending reductions. the bad news is they haven't agreed on how much into each bucket. and i don't think they're trying to create a win/win for each other. most good negotiations, you try to help the other person come out with a win. i don't see that here. >> you h
over the last month, despite hurricane sandy, it is still up 5%. but would going over the fiscal cliff hurt or derail the insurance giant as many expect it to derail business in general? joining me now is the chairman and ceo of allstate. thank you for joining us. president and congressional leaders are meeting with state governors today. you're one of the ceos who met at the white house with some of your other colleagues in business. what's your stance of where we are right now in terms of a...
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Nov 30, 2012
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on october 31st. >> that goes back to blame the sandy. we know we'll see a lot more of that. super value is a great story. all you have to do is look at the sales decline of this company. you wonder what the buyers are really looking at here when they look at the debt, combined with the sales and earnings decline, it is so enormous, just go look at a chart of it and you'll wonder what these guys are seeing. >> i remember a number of years ago before i joined cnbc, i was at another network and i went po minneapolis and met with the then-ceo of super value right after they did this deal. because they were a distributor and a wholesaler. then they bought cub foods and they got more into the retail game, changed their game, spending a lot, borrowing a lot, their debt rating was junk. he seemed very confident. he's gone now. >> i wonder how it lost its way in such a grand way. new until you see the numbers you don't realize how bad it is. >> do you think there's another lesson here because super value should be perceived as a "safe" company gi
on october 31st. >> that goes back to blame the sandy. we know we'll see a lot more of that. super value is a great story. all you have to do is look at the sales decline of this company. you wonder what the buyers are really looking at here when they look at the debt, combined with the sales and earnings decline, it is so enormous, just go look at a chart of it and you'll wonder what these guys are seeing. >> i remember a number of years ago before i joined cnbc, i was at another...
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Dec 6, 2012
12/12
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as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this number is going to tell us nothing tomorrow? > know there's going to be a lot of discussion about it. i'll stick to my guns, it's a 125 to 150 economy growth some of that could be sandy. i don't donknow if you want to k about that chart. this looks at the net effect acceptable. if 30% say it's acceptable and 20% say -- these are what we asked people. how many is that? that's five of eight different solutions. >> people say, yes, we're okay dealing with the fiscal cliff, if you raise taxes on those who make more than $250,000 and then you cap deductions, and virtually everything else is off the table. >>
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this...
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Nov 29, 2012
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. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant flooding. that's not typically konked by us but by the government if you buy their policy. unfortunately very few people buy coverage. so unfort flatly there's a bunch of people whose homes got wrecked and that's what cuomo and christie are seeking. our government has a hit of going back to the state and saying, sorry you didn't buy insurance, here's some money and they'll do it again. they're trying to negotiate as to how much they get. >> allstate's ceo tom wilson. we appreciate your time. >> thank you. >>> when we return, we'll have gene ludwig. he will be our special guest. also at the bottom of the h
. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant...
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Dec 3, 2012
12/12
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particularly because of sandy, shut-in, buy. how about google? google got crushed after reported disappointing quarter. the culprit? people switching from desktop to mobile. as google makes less money on mobile advertisers. nevertheless, google has been coming back as the company is still the sultan of search, a business still growing in high teens. we've seen how quickly facebook was able to adapt to the new mobile advertising environment, once google has seen that new rocketship, i see no reason why google should be any different. especially since google owns android. they need to figure out how to monetize it better. something the company is doing by releasing its own line of smartphones and tablets. google is sold out until after christmas. of the growth stocks, i got to admit i like google less than i did before the bad quarter if you're trying to figure out which of these stocks worries me the most, it's google, it's become a show-me situation. how about visa and master cad? both up decently since i recommended them in october. these are bo
particularly because of sandy, shut-in, buy. how about google? google got crushed after reported disappointing quarter. the culprit? people switching from desktop to mobile. as google makes less money on mobile advertisers. nevertheless, google has been coming back as the company is still the sultan of search, a business still growing in high teens. we've seen how quickly facebook was able to adapt to the new mobile advertising environment, once google has seen that new rocketship, i see no...
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Dec 3, 2012
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how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that are on average 11.1 years of age that are really driving car sales. in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from the manufacturer's financing arms out there, as well. th
how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that...
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Nov 29, 2012
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any sense anecdotally or your sense of store traffic as to what sandy's impact was? >> i think it was a drag for most retailers. we heard from kohl's sax, that it was a drag. also the tiffany flagship store represents about 8% of overall sales. so expect to hear the sandy excuse certainly as same store sales roll out and as well from tiffany. >> especially in a year when you expect the push pushes them into the black for the year, actually all the discounting really starting to hurt retailers' bottom lines? >> that's the question. this year discounts were so heavy. so is black friday really turning in to red friday. typically it signifies the beginning of when retailers start making money. but you saw that the promotions were crazy. there were televisions at best buy for under $200. that was a 50% discount. walmart was guaranteeing in stock on ipad 2s giving away a $75 gift certificate. so the question is are they just giving away sales here. >> and that will be something to watch when we he get those figures, too, whether it reflects discounting as much as it does v
any sense anecdotally or your sense of store traffic as to what sandy's impact was? >> i think it was a drag for most retailers. we heard from kohl's sax, that it was a drag. also the tiffany flagship store represents about 8% of overall sales. so expect to hear the sandy excuse certainly as same store sales roll out and as well from tiffany. >> especially in a year when you expect the push pushes them into the black for the year, actually all the discounting really starting to hurt...
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Nov 30, 2012
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sandy may have been the singest biggest car destroyer since katrina. or maybe more, given the fact that so many imparted cars were damaged near the cox of the region's rivers. tuesday morning we hear from the brothers toll. here's the best home builder in the country go. ing to tell you the story of the boom. if you remember there was a time when bob toll of toll brothers and eagles fan came on "mad money" during what turned out to be the early part of the housing collapse. he said he saw the light at the end of the tunnel. but it was most like lit light of an on-coming train. those days are gladly behind us. i suspect the toll tells a story that it goes down the fiscal cliff monday. every day is fiscal cliff tuesday, wednesday, thursday. you get the picture. anyway, you should pull the trigger here to buy it here if the fiscal cliff does what i'm afraid of. brown foreman reports wednesday. this is an interesting one. why? because goldman downgraded it to sell. just last night. i've seen this movie. they were wrong last time. they'll be wrong again. i'
sandy may have been the singest biggest car destroyer since katrina. or maybe more, given the fact that so many imparted cars were damaged near the cox of the region's rivers. tuesday morning we hear from the brothers toll. here's the best home builder in the country go. ing to tell you the story of the boom. if you remember there was a time when bob toll of toll brothers and eagles fan came on "mad money" during what turned out to be the early part of the housing collapse. he said he...
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Dec 1, 2012
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sandy has made the month of november virtually irrelevant. we can sweat it, puzzle over it. in the end we'll have to dismiss it unless the unemployment rate has shockingly dropped. which would be an odd anomaly, which would show that the country could pick up the slack of the northeast. i don't think that's going to happen. next week's game plan starts on sunday when treasure secretary tim geithner will appear on "meet the press" with my friend david gregory and hopefully explain how we're going to get out of this fiscal cliff mess. for once i actually believe we'll be able to bridge the cliff on the eve of destruction. and knowing that, i am both a guy who wants to take the pin off before new year's and i'm a buyer into negative capital chatter next week. not a seller, like so many of the pessimists out there. why don't we start with neil in florida. neil. >> reporter: boo ya, jim. it's neil in florida. face book dropped zynga, what should i do? hold or drop zynga? >> have a little january effect. everybody selling that thing nine ways to sunday. bad news. maybe they'll fin
sandy has made the month of november virtually irrelevant. we can sweat it, puzzle over it. in the end we'll have to dismiss it unless the unemployment rate has shockingly dropped. which would be an odd anomaly, which would show that the country could pick up the slack of the northeast. i don't think that's going to happen. next week's game plan starts on sunday when treasure secretary tim geithner will appear on "meet the press" with my friend david gregory and hopefully explain how...
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Dec 4, 2012
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but we now have courtesy of sandy. that said, i said i blew it. home depot is better. home depot is looking like a lot better bet than tractor supply. now let's go over the biotechs, gilead and alexia. gilead has given you a nice 8% rally. i think it's got more room to run. they're number one maker of hiv drugs and developing a new treatment for hepatitis c that has potential to be a megablockbuster. gilead was the darling of the american association for the study of liver disease and the company reported positive results from the late-stage studies of its hep c pill which could be approved by the fda next year. plus gilead has a deep pipeline including a new cancer drug. this story playing out just as we thought. best of all, gilead, i'm calling this one immune to the fiscal cliff-induced recession. people do not stop taking life-saving medicines just because the economy slows down. alexeon, on the other hand, no. not so hot. the stock has tripled since i first got behind it it's down about 14% since i highlighted it as an anointed growth stock two months ago. that's
but we now have courtesy of sandy. that said, i said i blew it. home depot is better. home depot is looking like a lot better bet than tractor supply. now let's go over the biotechs, gilead and alexia. gilead has given you a nice 8% rally. i think it's got more room to run. they're number one maker of hiv drugs and developing a new treatment for hepatitis c that has potential to be a megablockbuster. gilead was the darling of the american association for the study of liver disease and the...
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Dec 5, 2012
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before sandy. where are we internationally? europe. what are some of the other key area, though? i think latin america, though. i think it's coming back. asia already turned. here's the new piece of data. i think europe could be stablized. ford is the one to watch. you get that thing at 11 or blow. i'm out blessing it. haven't done that in a while. in europe i'm thinking that i'm sanguine. excited about ford. we have ample evidence today that i'm right. affordability is skyrocketing. the rates remained too low. homes down sharply. and pricing is moving up in california, nevada, arizona all things we learned from the luxury home builder toll today. oh, that's fine. they leave out the most important fact that i hadn't heard from anybody, let alone toll brothers before. demographic play, how the company's chairman talked how demographics are going to take over. household formation is unnatural but because of the great recession. now at least it's picking up. there should are several new home buyers out there because of pent-up demand. well, from the delay of creation of new families
before sandy. where are we internationally? europe. what are some of the other key area, though? i think latin america, though. i think it's coming back. asia already turned. here's the new piece of data. i think europe could be stablized. ford is the one to watch. you get that thing at 11 or blow. i'm out blessing it. haven't done that in a while. in europe i'm thinking that i'm sanguine. excited about ford. we have ample evidence today that i'm right. affordability is skyrocketing. the rates...
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Dec 6, 2012
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to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. take advantage of exceptional values when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can in
to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. ♪ mom? dad? guys?...
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Nov 29, 2012
11/12
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this was definitely a hurricane sandy event. the beginning of the month was terrible, the back end of the month was good, but it wasn't enough to make up for what they witnessed the first part of the month. i think you buy this on weakness. >> let's get to kate kelly. she has some news. what's the latest? >> melissa, the sac staff called, a second of its kind in two weeks just wrapped up a short time ago. it lasted less than half an hour. in it, sec management sought to reassure their employees. they have more than 1,000 people they employ. they wanted to reassure employees that steve cohen, a, has though plans to retire contrary to some talk out there today. two, that he is not personally entangled in this current government investigation. well, rather in the current government complaint over insider trading allegations against a former trader as well as one of sac's subsidiary units. there was talk that he may be charged in the coming months, but the staff has reassured them it'sed a rye s ed advisers that chargcharg charged a
this was definitely a hurricane sandy event. the beginning of the month was terrible, the back end of the month was good, but it wasn't enough to make up for what they witnessed the first part of the month. i think you buy this on weakness. >> let's get to kate kelly. she has some news. what's the latest? >> melissa, the sac staff called, a second of its kind in two weeks just wrapped up a short time ago. it lasted less than half an hour. in it, sec management sought to reassure...
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Dec 7, 2012
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founder of lumber liquidators to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. n you. ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> here in the united states, we're sitting on titanic amounts of energy that's both cheaper and cleaner than coal or oil, talking about natural gas. but we end up burning off millions of cubic feet of it every day because we don't have enough demand since our government refuses to support embracing nat gas for surface vehicles. while we probably aren't
founder of lumber liquidators to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. n you. ...at the best schools in the world... ...you see they all have...
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Nov 29, 2012
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hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse than first anticipated. that's something we've been talking a lot about. original number was $50 billion. it's in the $70 billion to $90 billion range. it is probably going to shave a quarter to half a point off gdp. you talked about the fiscal cliff which he says congress and the president must address. he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve, thank you. >>> when jeff kilburg is not fired up about the irish he is fired up about what mr. dudley said today. why? >> absolutely. he came out with very dovish comments. he las
hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse than first anticipated. that's something we've been talking a lot about. original number was $50 billion. it's in the $70 billion to $90 billion range. it is probably going to shave a quarter to half a point off gdp. you talked about the fiscal cliff which he says congress and the president must address. he says because we're at the zero balance, interest rates were zero, the effect...
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Nov 29, 2012
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the question is, though, is it all sandy related? let's bring in herb greenberg and jan nippon. jan, it is so easy to blame the weather but in this case, is it justified? >> well, the weather was a problem and the long calendar is a problem. i think the weather was less of a story than the long calendar. when you put two extra selling days in front of christmas in december, it has to come out of somewhere. it will come out of early december, but if only one-third of it even comes out of november, it's about a 400 basis point hit to sales. so i think most of what we're seeing here is early november had two warm of weather in one-third of the country, a great hurricane in one-quarter of the country and the consumer said i got plenty of time, i don't have to really go out and spend so we had a really slow front end of the month. we'll get a lot of that back in december. i'm still predicting a great christmas. >> we have two themes on this show -- panic now or everything's fine. which one is it for retail? >> everything's fine. >> it's a "rise above" pin. >> do these drops in the sh
the question is, though, is it all sandy related? let's bring in herb greenberg and jan nippon. jan, it is so easy to blame the weather but in this case, is it justified? >> well, the weather was a problem and the long calendar is a problem. i think the weather was less of a story than the long calendar. when you put two extra selling days in front of christmas in december, it has to come out of somewhere. it will come out of early december, but if only one-third of it even comes out of...
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Nov 30, 2012
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they did site sandy. what is interesting about the action, down about 7% is what the analysts are saying. credit suisse reduced their price target from 25 to $23 and say neutral but carries and company retains their buy rating with a $47 price tarpgt they took it down to 40. so obviously they still see huge upside in this company even though it's down 6.5% and their guidance is down. back to you. >> all right. thanks so much. let's get to rick santelli in chicago. he is in the pits of the cme with jim bianco. rick? >> absolutely. always an interesting guest. welcome, jim. i guess let's start out, you know, if i go back to october 26th when gdp from third quarter had its flash and it was 2%, the market was down close to ten basis points. they weren't satisfied with it even though it was better than everybody thought. so yesterday we get an upgrade to 2.7 and what happens? the market doesn't do anything to the down side reflecting that strength. so i think the market is smart. what do you think? >> i do too
they did site sandy. what is interesting about the action, down about 7% is what the analysts are saying. credit suisse reduced their price target from 25 to $23 and say neutral but carries and company retains their buy rating with a $47 price tarpgt they took it down to 40. so obviously they still see huge upside in this company even though it's down 6.5% and their guidance is down. back to you. >> all right. thanks so much. let's get to rick santelli in chicago. he is in the pits of the...
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Dec 3, 2012
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particularly on the consumer side as well, because of sandy. so i think in the meantime, until we get a resolution, i've said before, i think you're going to be in a trading range. and i think into the strength of the market, you want to take some off, never bad to have some cash. but on these pullbacks, i think you want to be buying, because i actually think the economy is getting better, particularly when you look at housing, consumer, even auto and aerospace, all those data points point to 2013. >> are you buying the market on any pullback? >> i like the santa claus rally with josh and would be raising cash. i think the risk in the markets further on the down side than the up side. but when you see some real pullbacks, buy the stock if you like it. >> morgan stanley's top market watcher has been bearish all year and not ready to change his mind. adam parker joins us live. welcome back to halftime. good to see you. >> how are you, scott? >> 1167 is where you thought we would be at the end of the year. you'll be far short. why aren't you willi
particularly on the consumer side as well, because of sandy. so i think in the meantime, until we get a resolution, i've said before, i think you're going to be in a trading range. and i think into the strength of the market, you want to take some off, never bad to have some cash. but on these pullbacks, i think you want to be buying, because i actually think the economy is getting better, particularly when you look at housing, consumer, even auto and aerospace, all those data points point to...
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Dec 6, 2012
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kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many american railroads, we know that because we have backed away from a lot of rails because of the coal. but they have something the other railroads don't have, consistently high growth, not that low single digit stuff and not susceptible to the cyclical nature of coal or the ongoing war between natural gas and coal in the fight to be fuel for american utilities. and that's why i'm naming it my new favorite railroad. even over and above union pacific, which has always been my favorite. don't get mad at me, union pacific. i used a great union pacific calendar, but it's december. that one's off the wall. anyway --
kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many american...
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Dec 4, 2012
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. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done. the market is being sensitized to it right now. and that's a good thing. >>> two companies that issued special dividends ahead of the fiscal cliff and if you're keeping score at home that's 103 companies thus far this quarter valued at more than $22 billion. so we see this continued parade of companies just coming out and issuing special dividends whether it's by debt, with debt, or cash on the balance sheet. >> the big one there, scott, is costco. last week when costco made the announcement, it was up 5%, almost 7% on the news. oracle moves their dividends up and the stock is flat to dow
. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done....
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Dec 3, 2012
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sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we are on track to finish this year probably at about 14 1/2 million. that's going to fall shy of the 16 million in 2007 but above what we saw in 2008. it's certainly what we were expecting and we'll have even stronger numbers in december. >> it is a really good numbers from honda as well. phil lebeau, thank you for that. >>> twint che >>> i want to check back in with jackie deangelis. president taking questions via twitter. >> the first question was@paulmmckenzie. can you assure us that any fiscal cliff negotiations regarding entitlement reform will not hurt th
sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we...
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Dec 4, 2012
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of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private sector. that's a big jobs -- it might be hurricane related, but it could also be cliff related. there's these two things just backing up what joe said, folks, we've got enough to worry about without the stuff that we could probably fix and move on, there's enough going on. you can see that we're going to be substantially below the six-month average that we've been running there. and that shows that, you know, we were not robust to begin with, and this is why guys at the fed are concerned about things like this. if you're going 3% or 4% gdp, you have
of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private...
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Nov 30, 2012
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and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are trying to make sense of what that means. we when you go through each retailer in the numbers, really the first half -- businesses really slowed. first two weeks. anything we think of, not the hurricane itself. must have been the concern, you know, about the hurricane and people watching tv. people focused on that. also, you know, with the election people focused on that. you know. so the first two weeks are weak. last two weeks seem to come back and be fairly decent. >> so you think that for the holiday shopping season, that the -- better trend will continue? where d
and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are...
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Dec 6, 2012
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it actually blamed the fiscal cliff in part, as well as super storm sandy. the ceo said consumers were distracted by the cliff. the storm and the election. staying with clothing, vera bradley -- well, handbags. those shares also tanking and they are blaming sandy as well but also noted their holiday season is off to a slow start. jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally, zynga. take a look at shares. they are up nearly 7% because they filed for a gambling license. that is right. the virtual game company wants to become a real poker company. let's bring in julia boorstin with more on this zynga story. seems like if they get it, a completely transformative thing. >> it would be transformative and zynga's definitely pushing forward with its plans to eventually make money from online gambling but the key thing here is that this is really a ways off. the stock soared as much as 9% higher this morning after it came out that zynga applied for rea
it actually blamed the fiscal cliff in part, as well as super storm sandy. the ceo said consumers were distracted by the cliff. the storm and the election. staying with clothing, vera bradley -- well, handbags. those shares also tanking and they are blaming sandy as well but also noted their holiday season is off to a slow start. jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally,...
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Dec 3, 2012
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you have the aftereffects of superstorm sandy, accommodative policy by the fed and you think that spurs growth in the u.s. how strong will it be? >> first thing, we have grown 2.5% in the last four quarters. and i think we will go up to 3% growth next year. i think there is some fiscal tightening but that is nothing new. we are getting rapid money growth and record-low mortgage rates, drop in gas prices, drop in the dollar, lower inflation boosting income and it's working because we are getting more parts of the economy gearing. a year ago we had no bank lending and now we have a full year of it. in addition to that, i think next year's profile will be much more impacted by what happens in the emerging world if they pick up again than what is going on in washington. >> i would differ significantly in terms of where we are headed and the recommendation for investors. first, this is the slowest recovery we have had with the sharpness of the recession we had in 2008, 2009. very different from the early 1980s. second, germany, including the rest of the european union seems to be going into
you have the aftereffects of superstorm sandy, accommodative policy by the fed and you think that spurs growth in the u.s. how strong will it be? >> first thing, we have grown 2.5% in the last four quarters. and i think we will go up to 3% growth next year. i think there is some fiscal tightening but that is nothing new. we are getting rapid money growth and record-low mortgage rates, drop in gas prices, drop in the dollar, lower inflation boosting income and it's working because we are...
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Dec 3, 2012
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some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing. >>> the game of political chicken, we were looking to rise above the partisan politics and trying to get something done. david walker, ceo of the america comeback initiative, steve mcmahon, co-founder of purple strategies, you guys have been on for a while and we've talked about a lot of things. steve, just 1:30 ag ago, you made a point talking about the bush tax cuts. and i said the tax cuts have been near and dear and you said at least bush was smart enough to know that we couldn't afford them so they were sunseted. >> so they were sunseted. >> that may happen. in
some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing....
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Dec 4, 2012
12/12
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incomes are flat and hurricane sandy shut down the northeast for days and in some cases for weeks. even though we have had positive numbers from companies like home dep depot, the group would be flat lining. yet that hasn't been happening. it is shown by the rth, the market vectovector's retail num. it has been showing very well. that is why tonight we are going off the charts with the help of ed ponzi. my colleague at realmoney.com, we have to learn what the charts are seeing. if you remember, one of the reasons why i went back to ed. he is the guy who nailed it and went against the grain in europe. right before the decision on the european bailout. and according to him, according to a guy who went against the grain then and was right. when you look at the market based on the markets, retail might be the most attractive area to own in this whole market. look, look at this daily chart of the rth. this is it. excellent proxy for the whole group. it does work. you can see from the year earlier in october. november 21st, this is the spot here, it has come roaring back. he points out t
incomes are flat and hurricane sandy shut down the northeast for days and in some cases for weeks. even though we have had positive numbers from companies like home dep depot, the group would be flat lining. yet that hasn't been happening. it is shown by the rth, the market vectovector's retail num. it has been showing very well. that is why tonight we are going off the charts with the help of ed ponzi. my colleague at realmoney.com, we have to learn what the charts are seeing. if you remember,...
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Dec 4, 2012
12/12
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amazon is just a winner here particularly in sandy. i regard google as making a comeback. i think that when you look at what -- apple fears google. google is going to do better going forward. look at facebook by the way. they figured out things. i'm not going to be -- i'm looking at stocks that once we go over the cliff bounce back and if we don't go over the cliff are where a lot of money is going. >> where does ulta, are these tier 2 names? >> ulta is -- david and i joke about this. it's the growth stock -- key to this market. gilliad has been great. same with ulta. you may laugh at ulta. i won't finish my sentence. >> i may. >> this double the store thing is what whole foods says. any time you can double stores, growth guys just love it. >> we're told there's no concern if we go over the fiscal cliff that that will result in some sort of a chill in the housing recovery offer the housing market. this harvard study that bob toll cited, 1.8 to 2.8 million households fewer since 2007 were formed and that's playing catchup. we should have the formation of those households un
amazon is just a winner here particularly in sandy. i regard google as making a comeback. i think that when you look at what -- apple fears google. google is going to do better going forward. look at facebook by the way. they figured out things. i'm not going to be -- i'm looking at stocks that once we go over the cliff bounce back and if we don't go over the cliff are where a lot of money is going. >> where does ulta, are these tier 2 names? >> ulta is -- david and i joke about...
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Nov 29, 2012
11/12
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. >> billy joel was quite a hero in the concert for sandy. he looked great and he sounded great. >> if i don't like billy joel, i'm done. >> caller: what's your opinion on plcn, polycom? >> we don't want to be in anything i regard as video and voice because you'll be competing against the giant that is cisco! >> glen in illinois, please. again? >> caller: i'd like to thank you on your excellent insight into jobs in general. >> my stock has been up at past eight trading days and i was wondering if this was any case the stocks were to pop. cldx is the prop. don't know why it's up. got to come back. sorry. could be a could good expectation. >> all my florida calls are so -- what do you got? you got this guy mr. social meaning he knows how to use social media better than anyone i've ever seen. >> stephanie lake, we were talking, i said this is right now one of my absolute favorite stocks between now and when this deal closes, underrated, so smart, it will do 14, what he has done for coffee! let's go to john in colorado. >> hi, jim. i'd like to gi
. >> billy joel was quite a hero in the concert for sandy. he looked great and he sounded great. >> if i don't like billy joel, i'm done. >> caller: what's your opinion on plcn, polycom? >> we don't want to be in anything i regard as video and voice because you'll be competing against the giant that is cisco! >> glen in illinois, please. again? >> caller: i'd like to thank you on your excellent insight into jobs in general. >> my stock has been up at...
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Dec 7, 2012
12/12
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we might actually have printed over 200 absent hurricane sandy. i would argue the trends is getting better. as jim pointed out, we need some clarity on the outlook, and the cliff is very important. if we go off the cliff, even if that number had been 250, the numbers still would weaken next year. >> jim, you have to make money in the meantime. where do you put your money? where are you putting money to work right now? >> well, i'm pessimistic. i share austin's view that i think we're going to go off the cliff and push this thing to february with the debt ceiling bill. as that reality comes in, the market is going to continue to struggle. i would avoid risky assets right now. i'd play something safe. play treasuries because you're not going to lose money on them. i'd play gold. i wouldn't be betting on that we're going to have a fix in place in the next 24 days that's going to lead to a big rebounds. >> all right. hang on one second, guys. we want to bring in and get your reaction to this rather surprising story that our phil lebeau has from illino
we might actually have printed over 200 absent hurricane sandy. i would argue the trends is getting better. as jim pointed out, we need some clarity on the outlook, and the cliff is very important. if we go off the cliff, even if that number had been 250, the numbers still would weaken next year. >> jim, you have to make money in the meantime. where do you put your money? where are you putting money to work right now? >> well, i'm pessimistic. i share austin's view that i think...
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Dec 1, 2012
12/12
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could have something to do with superstorm sandy. weak in yesterday's third quarter gdp report. profits, and these are the broadest gdp profits, covering about 5 million large and small companies really came in pretty good in the third quarter. up 9% from a year ago. so even though business looks weak, good profits could be the backbone of the stock market despite the hysteria of the fiscal cliff. let's talk to don -- for all th hysteria, profits are rising, the economy has got pluses and minuses. i'm not sure people need to pay all that attention to the fiscal cliff. >> well, if you look at what the global stock markets are doing, they suggest that our market would be doing significantly better were it not for the fiscal cliff. now profits have been good. i think people are getting used to the idea they trust corporate ceos more than they trust those that print government bonds that aren't really worth as much by the time they mature. they're also seeing a yield compression around the world. if you look at corporate beyond yields, they're about half of where they were just a ye
could have something to do with superstorm sandy. weak in yesterday's third quarter gdp report. profits, and these are the broadest gdp profits, covering about 5 million large and small companies really came in pretty good in the third quarter. up 9% from a year ago. so even though business looks weak, good profits could be the backbone of the stock market despite the hysteria of the fiscal cliff. let's talk to don -- for all th hysteria, profits are rising, the economy has got pluses and...
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Dec 7, 2012
12/12
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>> well, keep in mind one of the reasons expectations were so low going into this one was hurricane sandy which everyone expected to be a temporary effect. that didn't material az somewhat mi mysteriously and the labor department indicated it had no impact on the number. you're right, this is not good enough. this is a treading water pace of jobs. it is more of the same. it's not particularly good in the quality of jobs being created so net net i think it's okay but certainly not what we'd like to see. >> maybe, tom, it is not that we are a nation of pessimists. it is that we're a nation of realists. maybe sort of from a strk turl long point of view we just have to get used to this. >> that's a great point. 150,000 is not good enough depending on your expectations for growth. if you're looking for 1.5% to 2% growth you are probably in the sweet spot. but if you are looking for something more, looking for 2.5% to 3% growth you need much more job growth to see that outcome. but we're not there. we don't think we'll get there. there's still too many headwind facing the small business segment
>> well, keep in mind one of the reasons expectations were so low going into this one was hurricane sandy which everyone expected to be a temporary effect. that didn't material az somewhat mi mysteriously and the labor department indicated it had no impact on the number. you're right, this is not good enough. this is a treading water pace of jobs. it is more of the same. it's not particularly good in the quality of jobs being created so net net i think it's okay but certainly not what...